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According to Caixin, poker master and seasoned cryptocurrency investor Hu Zheweng made significant bets during the three waves of cryptocurrency frenzy involving ICOs, algorithmic stablecoins, and AI tokens, but faced consecutive failures. Hu Zheweng claimed to have invested in the blockchain project Stratis, achieving a return of "over 1000 times."According to disclosed information, Hu Zheweng invested approximately 80 million USD in algorithmic stablecoin TerraUSD (UST) and its sister token LUNA from May 2021 to May 2022, with the peak market value of his holdings exceeding 800 million USD, but the price of LUNA subsequently nearly dropped to zero.In addition, Hu Zheweng has filed a lawsuit in Chicago, USA against the globally renowned quantitative trading firm Jump Trading and its related companies and executives in the cryptocurrency business, seeking at least 500 million USD in damages. After experiencing Stox and Terra, Hu Zheweng has not left the cryptocurrency market; last January, he bet on a new project by a Chinese computer professor Zhang Yongfeng. Zhang Yongfeng entered the Computer Science Department of Tsinghua University in 2007 and is currently a tenured associate professor in the Computer Science Department at Rutgers University in the USA. He has been sued by Hu Zheweng on multiple charges including "securities fraud." It is reported that the tokens issued by the organization founded by Zhang Yongfeng, in which Hu Zheweng invested millions of dollars, have fallen over 99.6% from their peak in 2025.

According to Caixin, on-chain perpetual contract platforms represented by Hyperliquid have quietly risen overseas for some time. The platform was founded by a former Wall Street high-frequency trading engineer, without external VC funding, relying on its self-developed dedicated L1 public chain and a full on-chain order book to stand out in the DEX track.The trigger that attracted the attention of the domestic market and regulatory authorities was the launch of popular perpetual contracts involving Chinese assets, combined with offshore derivatives such as oil contracts under the previous Iranian geopolitical conflict. While pricing diverse assets, the platform also challenges global financial regulation. Against the backdrop of the stalled progress of the Clarity Act in the United States, such offshore unlicensed derivative agreements continue to develop.

In episode 166 of the BidClub podcast, chip designer Bubble boi stated that high-bandwidth flash is technically attractive but lacks decisive data center use cases. The information he provided indicated that the main customers he heard about are Chinese clients who find it difficult to obtain or produce high-end HBM.Bubble boi mentioned that HBF and high-end AI flash have a latency of about 5 microseconds, lower bandwidth than HBM, a lower cost per bit, but the total cost may be comparable. He believes the clearest customers are entities unable to obtain HBM, which aligns with the Chinese demand he heard from two to three people, as they cannot adequately manufacture accelerators or are willing to accept non-leading specification products.

U.S. Treasury Secretary Scott Bessenet told reporters after several hours of talks in New York with Chinese Vice Premier He Lifeng and other officials that the discussions were "very successful," covering topics such as artificial intelligence, trade, and investment. The talks took place on September 20 at JPMorgan Chase headquarters, occurring ahead of the summit this week between U.S. President Donald Trump and Chinese President Xi Jinping.Bessenet stated that both sides agreed to establish a dialogue on artificial intelligence, aimed at reaching a common understanding of goals and threats, and plan to meet again. Li Chenggang, China's representative for international trade negotiations at the Ministry of Commerce, said the atmosphere of the talks was good, and the working group would continue discussions on Monday.

Sources familiar with the negotiation situation revealed that the U.S. government is pressuring Mexican officials to accept new regulations on AI hardware exports to close loopholes that allow Chinese companies and other foreign enterprises to evade tariffs. According to this proposal, the number of components in AI hardware sourced from outside North America during the production process will be limited.AI hardware includes a range of products such as chips and servers, and this year it has surpassed automobiles to quickly become Mexico's top export to the U.S. AI hardware has become Mexico's largest export product to the United States.

GoPlus Chinese Community issued a security alert stating that a newly activated external account address has initiated a malicious governance proposal against Ampleforth. The proposal, titled "Application for Completed Work Funding for SPOT Ecosystem Analysis Tool," attempts to transfer 2.5 million USDC from the treasury to the proposer, an amount that nearly accounts for all the liquid funds in the treasury.

According to CNBC, Y Combinator CEO Garry Tan stated at the YC annual Demo Day that regarding the distillation of OpenAI and Anthropic models by Chinese companies (including DeepSeek, Moonshot AI, MiniMax, etc.), he chose to "do nothing" and suggested that regulators focus instead on maintaining a commercial balance between open-weight models and cutting-edge models.Tan also holds a reserved attitude towards the doomsday theory of AI, believing that cybersecurity is currently the most urgent risk, while the employment impact and economic transformation caused by AI will take decades to truly permeate society.

According to a Reuters exclusive report on September 10, Chinese AI chip manufacturers have significantly raised prices due to a shortage of high-bandwidth memory. Huawei has raised the indicated price of the Ascend 950DT accelerator card to over 250,000 yuan, an increase of 20% to 50% compared to two months ago. Cambricon has raised the indicated price of its planned 690 chip by 20% to 30%, and both Muxi and Tian Shu Zhi Xin have also implemented similar price increases.The report states that the reasons include U.S. export controls and the high costs of high-bandwidth memory supplies in the gray market. Prices for earlier Huawei products such as the Ascend 950PR and 910C have also increased by about 30%. These price increases have raised the construction costs of AI computing power in China. Huawei, Cambricon, and other companies did not comment.

The National Security Agency, FBI, and CISA of the United States released a joint report, naming DeepSeek, Dark Side of the Moon, Alibaba, MiniMax, Leap Star, and Zhipu. The U.S. side accuses the aforementioned companies of batch calling the outputs of Claude, GPT, Gemini, and Grok to train their own models since at least the end of 2024, involving millions of requests and billions of tokens.The report lists specific models, with DeepSeek accused of using multiple versions of Claude, GPT, Gemini, and Grok to generate training data for R1 and V3; Dark Side of the Moon is accused of using Claude Fable 5 data to train Kimi K3 and GPT-4o data to train Kimi K2. The U.S. claims these companies also bypass regional restrictions through numerous accounts, third-party API aggregators, and gray intermediaries, and attempt to extract the hidden reasoning processes of the models using prompts, labeling such behavior as malicious distillation.

According to Bloomberg, Belgian prosecutors stated on September 7 that a Chinese man, who also holds Belgian nationality, was arrested on May 10 at Brussels Airport while attempting to board a flight back to Beijing on suspicion of engaging in espionage activities against a Belgian semiconductor company. The investigation may point to the illegal transfer of specialized intellectual property and trade secrets related to gallium nitride chip production abroad.The investigation is related to the bankruptcy case of Belgan BV, which announced its bankruptcy in July 2024. Prosecutors indicated that there are signs suggesting that the man held a senior research position at the Belgian company while also serving as a director of a Chinese company engaged in similar manufacturing activities. This Chinese company was established a few months after he joined the Belgian company and was funded by a Chinese investment fund. This is the latest in a series of suspected espionage cases in Belgium.

The Taiwanese prosecutors stated that they are investigating the global leading chip substrate and printed circuit board manufacturer, Unimicron Technology Corporation, which is a key supplier for NVIDIA, Intel, Google, and Amazon. The investigation targets the company for allegedly mislabeling parts made in China as being produced in Taiwan, which may violate laws prohibiting the laundering of origin.Unimicron Technology Corporation is one of the world's top printed circuit board manufacturers, and this investigation occurs against the backdrop of the United States cracking down on transshipment.

According to a report by Nikkei Chinese Network citing Bloomberg on August 24, the Trump administration is considering imposing an additional 7.5% tariff on goods imported from China, a move seen as a countermeasure against China's overcapacity. If this tariff is implemented, combined with previously imposed tariffs, the total tax rate will reach 20%, returning to the level before the U.S. Supreme Court ruled the Trump tariffs invalid in February of this year.The report states that in July, the Trump administration imposed additional tariffs of 10% or 12.5% on China and 59 other countries and regions based on Article 301 of the Trade Act, citing their inadequate response to forced labor issues; at the same time, it had also considered imposing tariffs on China, Japan, and 14 other countries and regions regarding the issue of overcapacity. The U.S. claims that China's surplus products are eroding the American market, to which China has rebutted.

According to Bloomberg, the Taiwanese research institution TeamT5 stated that the scale of cyberattacks linked to China has significantly increased after incorporating DeepSeek and other open-source AI models into their operations. Since they began delegating daily tasks to AI and using it to develop more advanced malware, the number of attacks carried out by the relevant organizations has more than doubled.Researchers noted that it is not always possible to accurately identify the specific AI models used by attackers, but products related to DeepSeek are popular among hacker groups in the country due to their high performance and ease of customization. The report indicates that experienced attackers are leveraging relatively limited AI tools to scale up their operations and achieve breakthroughs, highlighting the attackers' ability to use basic AI tools to target overseas objectives.

According to Gate market data, the Shanghai Composite Index closed down 95.88 points on August 19, a decrease of 2.4%, reporting at 3,894.42 points; the Shenzhen Component Index fell 732.34 points, a decrease of 5.01%, reporting at 13,890.15 points; the CSI 300 Index dropped 137.12 points, a decrease of 2.9%, reporting at 4,588.7 points; the ChiNext Index decreased by 232.07 points, a decrease of 6.26%, reporting at 3,473.49 points; the STAR 50 Index fell 123.35 points, a decrease of 6.89%, reporting at 1,667.52 points.

According to GMGN market data, the market value of the BNB Chain Chinese meme coin "Niu Lai" briefly surpassed 15 million USD, currently reported at 14.36 million USD, with a 24-hour increase of over 150 times.Recently, the animated film "Niu Lai," released during the summer season, gained attention due to controversies over its production quality. A friend of the director stated that this is a film created by the director and his mother, with both personally involved in the production. It took 5 years to make, without hiring a team, relying solely on their own efforts. As of now, today's box office has reached 852,800 yuan.

According to Bloomberg, citing Smart Analytics Global data, the global shipment of humanoid robots in the first half of 2026 is approximately 19,100 units, a year-on-year increase of over 200% (compared to about 5,100 units in the same period last year), with Chinese manufacturers accounting for over 97%. The agency expects the total shipment for the year 2026 to reach about 60,000 units, and it is anticipated to grow to 500,000 units by 2030.The report points out that China has formed an early leading advantage over American competitors in the field of humanoid robots. Previously, Morgan Stanley raised its forecast for China's humanoid robot shipments in 2026 to 50,000 units, and IDC data also shows that the top five companies in global humanoid robot shipments in 2025 will all be Chinese firms, while American companies Figure AI and Tesla rank seventh and ninth, respectively.

According to the industry analysis platform Hello China Tech, as of June 2026, there are a total of 8 humanoid robot-related companies in China with valuations reaching or exceeding 20 billion yuan (approximately 2.9 billion USD), of which 5 companies have valuations primarily based on models rather than shipment volumes, with annual shipment volumes still maintaining at the hundreds level. In the second quarter, the financing amount in the humanoid robot field reached 6.95 billion USD, more than double that of the previous quarter.The report points out that the data collection costs vary significantly across different stages: the hourly wage for frontline operators is about 20 to 40 yuan, approximately 25 yuan when outsourced; the internal cost for companies involving robots is about 250 yuan; and the data price from government-supported training bases reaches 500 to 1000 yuan. However, the data produced through different collection methods (wearable devices and robot involvement) shows significant differences in quality and training effectiveness, with only about 50 hours of usable data from 100 hours of raw collection. The data measurement units used by different companies (hours, trajectories, skills, etc.) are incompatible, and there is a lack of independent auditing, leading to considerable uncertainty in valuation bases. It is believed that the industry urgently needs to establish a unified data asset measurement standard.